Kinder Morgan’s Trans Mountain Advertising Blitz During Election Doesn't Count as Elections Advertising: Elections BC Ruling
Ok, I don't think we can pin that last one on the smartest guys in the room, but meantime ...
Former BC Hydro CEO Marc Eliesen referred to the NEB as "industry-captured" and their Trans Mountain hearings as "a fraudulent process" and "a public farce" in his letter of resignation from the hearings.
After the cross-examination phase of the review was inexplicably shelved, intervenors were instead invited to submit their questions in writing. Trans Mountain refused to answer them "or referred back to the inadequate information in the original application that gave rise to the question in the first place."
"Out of the approximately 2000 questions not answered by Trans Mountain that Intervenors called on the [National Energy] Board to compel answers, only 5 per cent were allowed by the Board and 95 per cent were rejected."
"The Board has sided with Trans Mountain dismissing the Province of BC’s need for answers in pursuit of its duty to British Columbians. The Province should cancel the Equivalency Agreement with the NEB on this project and undertake its own environmental assessment as the only meaningful way in which it will be able to effectively obtain the answers it seeks."BC, you will recall, gave up its right to do its own environmental assessments so as not to unnecessarily duplicate the work of the National Energy Board; in 2010 BC signed an Equivalency Agreement promising to accept the NEB's decisions. Ha.
Economist Robyn Allen : The National Energy Board Guaranteed Kinder Morgan a Fund to Push Pipeline Expansion Through Regulatory Review
"In a precedent setting NEB decision in 2011, the Board granted Kinder Morgan the right to pre-fund future expansion applications from five firm shipping customer contracts to its Westridge terminal. Two of the five companies funding Kinder Morgan’s pre-development costs are Chinese National Oil Companies PetroChina and Nexen, while the remaining three are US Oil, Astra and Cenovus. These companies pay an average premium of $1.45 per barrel to guaranteed $28.6 million per year is allocated to the special account.
Over a ten year period, Kinder Morgan will amass $286 million to push its expansion plans through regulatory review. Pre-funding through shipper charges means that the Canadian public and the Canadian economy bear the risk and the cost of Kinder Morgan’s pre-development process, rather than the risk and cost being borne by Kinder Morgan’s US based shareholders.
Kinder Morgan has confirmed that $136.3 million of its special fund has been allocated to finance the current NEB public review process."Texas-based Kinder Morgan is the third largest energy company in North America, valued at $120 Billion.
Update : Crowdfunding campaign raises thousands to support legal defence of Kinder Morgan protesters
Donate towards the legal costs to challenge Kinder Morgan in the courts.
Boris in comments : "Meanwhile, the price of oil and therefore the lucrativity of pipelines keeps falling as US production ramps up due to fracking and renewables reach cost parity with fossil fuels. The pipeline mayn't even be built but we'll be left with a fracked process to be abused for the next big thing."
ETA : Eliesen's descriptive quotes re NEB hearings